The stock of Proterra Inc. (NASDAQ: PTRA) has decreased by -8.20 when compared to last closing price of 1.22.Despite this, the company has seen a loss of -3.45% in its stock price over the last five trading days. Barron’s reported on 03/16/23 that Proterra Stock Drops. The Electric Bus Maker Issued a ‘Going Concern.’
Is It Worth Investing in Proterra Inc. (NASDAQ: PTRA) Right Now?
Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Proterra Inc. (PTRA) is $3.73, which is $3.07 above the current market price. The public float for PTRA is 220.53M and currently, short sellers hold a 6.19% of that float. On May 26, 2023, PTRA’s average trading volume was 2.93M shares.
PTRA’s Market Performance
The stock of Proterra Inc. (PTRA) has seen a -3.45% decrease in the past week, with a 12.00% rise in the past month, and a -72.88% fall in the past quarter. The volatility ratio for the week is 7.99%, and the volatility levels for the past 30 days are at 10.69% for PTRA. The simple moving average for the past 20 days is -13.23% for PTRA’s stock, with a -73.32% simple moving average for the past 200 days.
PTRA Trading at -16.00% from the 50-Day Moving Average
After a stumble in the market that brought PTRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.46% of loss for the given period.
Volatility was left at 10.69%, however, over the last 30 days, the volatility rate increased by 7.99%, as shares sank -1.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.38% lower at present.
During the last 5 trading sessions, PTRA fell by -3.45%, which changed the moving average for the period of 200-days by -82.50% in comparison to the 20-day moving average, which settled at $1.2897. In addition, Proterra Inc. saw -70.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PTRA starting from Bailey Christopher L, who sale 9,535 shares at the price of $1.51 back on Mar 27. After this action, Bailey Christopher L now owns 317,476 shares of Proterra Inc., valued at $14,445 using the latest closing price.
Padilla Karina F, the Chief Financial Officer of Proterra Inc., sale 9,192 shares at $1.51 during a trade that took place back on Mar 27, which means that Padilla Karina F is holding 211,581 shares at $13,925 based on the most recent closing price.
Stock Fundamentals for PTRA
Current profitability levels for the company are sitting at:
- -71.39 for the present operating margin
- -7.75 for the gross margin
The net margin for Proterra Inc. stands at -76.92. The total capital return value is set at -29.04, while invested capital returns managed to touch -34.31. Equity return is now at value -85.40, with -49.70 for asset returns.
Based on Proterra Inc. (PTRA), the company’s capital structure generated 28.57 points at debt to equity in total, while total debt to capital is 22.22. Total debt to assets is 17.58, with long-term debt to equity ratio resting at 3.50. Finally, the long-term debt to capital ratio is 2.72.
When we switch over and look at the enterprise to sales, we see a ratio of 0.34, with the company’s debt to enterprise value settled at 0.22. The receivables turnover for the company is 2.92 and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.64.
Conclusion
To wrap up, the performance of Proterra Inc. (PTRA) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
